Gryphon Head Awaits $20M Fraud Trial From Home

Law360, New York (November 16, 2010, 4:48 PM EST) -- A federal judge has let alleged swindler Kenneth Marsh prepare for trial at home, rejecting the U.S. government’s claim that the Gryphon Holdings Inc. investment adviser belongs in jail, where he can’t carry on his alleged $20 million fraud.

On Monday, Judge Jack B. Weinstein of the U.S. District Court for the Eastern District of New York ordered that Marsh be released on $2 million bail and confined to home without access to the Internet and only limited phone contact.

Prosecutors had urged the court to...
To view the full article, register now.